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Crypto Expectations From Budget 2024 Nirmala Sitharaman VDA TDS Tax Loss Compensated ABPP

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7 months ago

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In 2022, India made significant changes to the way it taxes cryptocurrencies. A tax deducted at source (TDS) of 1% and a capital gains tax of 30% on crypto assets have been introduced in a bid to improve oversight and protect investors from frauds potential. However, the impact of these measures proved unexpected. Going forward, the formation of a new government has the potential to resolve critical issues facing investors and stakeholders in the cryptocurrency industry, paving the way for a

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